Revenue Recognition (Tables)

9 Months Ended

Jan. 28, 2023

Revenue from Contract with Customer [Abstract]

The following table presents our revenue disaggregated by product category and by segment or unit:


	Quarter Ended January 28, 2023								Quarter Ended January 22, 2022
(Unaudited, amounts in thousands)	Wholesale		Retail		Corporate and Other		Total		Wholesale		Retail		Corporate and Other		Total
Motion Upholstery Furniture	$	224,726	$	153,194	$	5	$	377,925	$	238,119	$	113,767	$	288	$	352,174
Stationary Upholstery Furniture	97,736		52,497		35,248		185,481		94,216		46,938		55,971		197,125
Bedroom Furniture	9,853		2,189		3,121		15,163		6,723		1,598		3,674		11,995
Dining Room Furniture	6,926		3,300		1,025		11,251		5,562		2,802		1,063		9,427
Occasional Furniture	11,550		9,567		875		21,992		7,396		6,672		1,153		15,221
Delivery	50,008		6,881		1,654		58,543		45,168		6,342		2,097		53,607
Other (1)	6,804		23,529		(8,418)		21,915		26,097		18,933		(14,267)		30,763
Total	$	407,603	$	251,157	$	33,510	$	692,270	$	423,281	$	197,052	$	49,979	$	670,312

Eliminations							(119,547)								(98,739)
Consolidated Net Sales							$	572,723							$	571,573

	Nine Months Ended January 28, 2023								Nine Months Ended January 22, 2022
(Unaudited, amounts in thousands)	Wholesale		Retail		Corporate and Other		Total		Wholesale		Retail		Corporate and Other		Total
Motion Upholstery Furniture	$	683,809	$	444,110	$	64	$	1,127,983	$	699,433	$	326,251	$	538	$	1,026,222
Stationary Upholstery Furniture	307,128		162,452		132,869		602,449		284,318		133,449		153,590		571,357
Bedroom Furniture	30,145		6,590		12,361		49,096		30,030		5,386		10,524		45,940
Dining Room Furniture	21,778		9,343		3,864		34,985		20,941		9,462		3,270		33,673
Occasional Furniture	34,957		25,300		3,065		63,322		31,746		19,659		2,966		54,371
Delivery	162,783		20,727		5,657		189,167		128,318		20,007		5,629		153,954
Other (1)	55,052		70,808		(32,003)		93,857		61,086		57,105		(37,891)		80,300
Total	$	1,295,652	$	739,330	$	125,877	$	2,160,859	$	1,255,872	$	571,319	$	138,626	$	1,965,817

Eliminations							(372,713)								(293,572)
Consolidated Net Sales							$	1,788,146							$	1,672,245

(1)Primarily includes revenue for advertising, royalties, parts, accessories, after-treatment products, surcharges, discounts and allowances, rebates and other sales incentives.

Contract with Customer, Contract Assets and Contract Liabilities

The following table presents our contract assets and liabilities:


(Unaudited, amounts in thousands)	1/28/2023		4/30/2022
Contract assets	$	60,986	$	139,006

Customer deposits	$	129,019	$	183,233
Deferred revenue	60,986		139,006
Total contract liabilities (1)	$	190,005	$	322,239

(1)During the nine months ended January 28, 2023, we recognized revenue of $292.7 million related to our contract liability balance at April 30, 2022.